Caravelle International Group Announces Financial Results for Fiscal Year 2023
SINGAPORE, Sept. 9, 2024 /PRNewswire/ -- Caravelle International Group (NASDAQ:CACO), a global ocean technology company, today announced its audited financial results for the fiscal year ended October 31, 2023.
Due to the overall environment of the shipping industry and increased operating costs post-listing, in the fiscal year 2023, Caravelle achieved revenue of approximately $95.3 million, a decrease of 48.6% from the approximately $185.3 million in the fiscal year 2022. The company reported a net loss of about $15.8 million, a significant change from the net income of appro
